House to Home

We have spent the last few weeks talking about the consequences of student debt on our children’s futures. But if you are in a situation like mine where the decision was already made and you have accumulated a considerable amount of student debt, you are left wondering how that might limit your future. One might wonder, “could I buy a house someday despite my debt?” In fact, an article on Bankrate quotes the managing director of survey research and communications for NAR (National Association of Realtors), Jessica Lautz, “of those who don’t own a home, 83 percent of those say that student loan debt is holding them back from purchasing a home.”

Student loan debt is a hurdle facing many millennials as they become interested in becoming first-time homebuyers. But is it a hurdle that can’t be overcome? Here’s the skinny on student loan debt and mortgages.